November 9, 2022
BY Erin Krueger
Advertisement
Advertisement
The USDA maintained its forecast for 2026-’27 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Sept. 11. The estimate for 2025-’26 soybean use in biofuel production was revised up.
The USDA released its latest monthly Crop Production report on Sept. 11, predicting soybean production for beans will reach 4.53 billion bushels in 2026, up slightly from the previous forecast and up 6% from 2025.
The U.S. biofuel industry consumed 30.46 billion pounds of feedstock in June, up 4% when compared to May and up 6% when compared to June 2025, according to data released by the U.S. Energy Information Administration on Aug. 31.
Bayer and Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel (SAF), on Sept. 9 announced the companies have finalized a commercial agreement to jointly scale Bayer’s newgold winter canola.
The BDO Zone Initiative on Aug. 31 released its 2025 Annual Report, Building the Bioeconomy Infrastructure. The report documents the year the network moved from expansion to execution, with CAD $10 billion in announced biomanufacturing investment.